Restructuring of non-material subsidiary - Ticker Limited

63 Moons Technologies Limited has filed an update regarding its non-material subsidiary, Ticker Limited (formerly TickerPlant Limited). The update relates to an ongoing Corporate Insolvency Resolution Process (CIRP) involving Baron Infotech Limited. A Resolution Plan submitted by Innopark (India) Private Limited was approved by the Committee of Creditors (CoC) on April 25, 2026, and filed with the Hon'ble NCLT Hyderabad Bench on May 5, 2026. However, a prospective Resolution Applicant, Mr. Vivek Kumar Ratakonda, raised legal and procedural contentions against the resolution process before the NCLT. The NCLT, vide its order dated May 5, 2026, directed the Resolution Professional to take into account these contentions and proceed as per law. Ticker Limited clarified that the approved Resolution Plan cannot be considered final until NCLT approval and until all raised contentions are appropriately disposed of. The CIRP period has been extended by another 30 days from May 6, 2026.